Items Tagged with 'oil & gas industry'

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The United States is likely to maintain a leading position in global oil and gas production, but new regulation may cause a wave of consolidation amidst concerns about increasing operating costs, just-released research suggests.

Fluor Corp. financial results for its first quarter ending March 31 were driven by growth in its oil & gas and industrial & infrastructure segment businesses, the company says. Revenue topped $7 billion, and was up 14% from the previous year.

U.S. refiners are concerned that if federal officials press ahead with their plans to introduce higher ethanol mandates under the renewable fuel standard (RFS), this could cause economic damage.

For most process-industry professionals, the upstream oil and gas industry is a horse of a different color.

Over the last decade, the economics of complex manufacturing have expanded to take into account truly global markets and swift-changing demand. Production facilities that were once expansive and centralized have been reorganized into networks of smaller-volume, regional production sites.

The 848-mile Pegasus pipeline, which is capable of transporting more than 90,000 barrels per day (bpd) of Canadian Wabasca Heavy crude from Illinois to Texas, was shut down Friday afternoon after the leak was discovered in the town of Mayflower, Ark.

As Canada is investing billions in the development of its oil and gas industry, there is an urgent need for people to be recruited in this fast-growing segment of the economy.

Asahi/America, Inc., a leader in fluid flow solutions for corrosive environments, will be showcasing its Series 10 electric actuators at this year’s Offshore Technology Conference in Houston, Texas.

Ideal for gas leak detection in pressurized systems, the Gassonic Observer-H Ultrasonic Gas Leak Detector from General Monitors features HART communications, Modbus with single and block transfer modes, Emerson AMS Intelligent Device Manager support and event logging.

Oil and gas companies outside the Unites States have had to take radical measures to remain competitive in a constantly changing market that seems to be currently favoring U.S. businesses.